Since May 6, 2026, Allianz Commercial has embarked on a global partnership with Coalition, its exclusive cyber insurance partner. Now being rolled out across markets worldwide, the collaboration combines Allianz Commercial’s insurance expertise with Coalition’s technology-driven capabilities to help businesses better prevent, manage, and transfer cyber risk. Read more in the accompanying press release.
Cyber Insurance
Cyber insurance, also known as cyber security insurance or cyber liability insurance, is designed to help businesses and organizations mitigate the financial losses and liabilities associated with cyber incidents. This can include data breaches, cyber attacks, and other forms of digital threats.
With years of experience in cyber insurance, Allianz Commercial is at the forefront of protecting businesses from the ever-evolving landscape of cyber crime and digital threats.
Our extensive expertise allows us to offer a wide range of cyber insurance products that provide you with comprehensive coverage tailored to your specific needs.
Whether you need stand-alone cyber insurance or prefer to integrate cyber risk coverage into your traditional property and liability policies, we have the right solution for you. Our solutions are designed to give you the peace of mind that comes from knowing you are protected against potential financial loss from cyber incidents.
Cyber risks are the biggest concern for companies globally
Cyber incidents, such as ransomware attacks, data breaches and IT disruptions, rank as the business risk of most concern for companies around the globe, according to our annual study.
What are the key cyber threats?
Some of the top cyber risks you should be aware of include:
Emerging cyber risks – what you need
to know
Uncover
- The latest claims trends
- Developing cyber risk trends and loss drivers
- Actionable cyber hygiene strategies to improve your data protection and privacy capabilities
in our comprehensive annual report.
New data privacy trends help drive growth of large cyber claims:
- 14% more claims
- 17% increase in severity of claims
in the first six months of 2024 of cyber claims >€1mn
Why your business needs cyber security insurance
In today's rapidly evolving digital landscape, businesses face an increasing number of cyber threats that can cause severe financial and reputational damage. Here are the top reasons why cyber insurance is essential for your business:
Evolving cyber threats
- Ransomware evolution: Attackers increasingly focus on data exfiltration and misuse of personal records, amplifying costs and complexity.
- AI vulnerabilities: As businesses adopt AI, new risks emerge, including potential breaches of privacy laws and misuse of sensitive data.
- Supply chain risks: Weaknesses in vendor systems can expose your organization to mass data exfiltration attacks.
Business continuity and resilience
- Operational downtime: Cyber incidents can disrupt operations and lead to costly business interruptions.
- Litigation costs: Beyond regulatory fines, companies face steep legal expenses from class action lawsuits and third-party claims.
Financial protection and peace of mind
- Comprehensive coverage: From regulatory fines to business interruption, cyber insurance provides critical financial support.
- Cost mitigation: Early detection and response capabilities, supported by insurance, can prevent small breaches from escalating into catastrophic losses.
Increasing legal and regulatory exposure
- Privacy violations: Class action lawsuits related to data and privacy breaches are surging, especially in the US, where cases have quadrupled since 2021 [1].
- Global impact: Rising consumer awareness and third-party litigation funding are driving growth in mass privacy claims.
- Regulatory fines: Non-compliance with laws like the General Data Protection Regulation (GDPR) and evolving data protection regimes can result in significant penalties.
Investment in cyber security
- Making the business case: Cyber insurance helps organizations justify cyber security investments by highlighting the financial consequences of breaches.
- Focus on high-impact areas: Insurance insights can guide resource allocation to the most effective security measures.
Support for risk mitigation
- Prevention: We offer advice on improving cyber hygiene, including strong access controls and database segregation or regular patching, backups, and employee training.
- AI-powered detection: Leveraging AI to quickly identify and respond to breaches can significantly reduce the life cycle and cost of incidents.
“The value of cyber insurance goes well beyond the payment of claims. Insurance helps companies make the business case for cyber security investment and to direct their resources towards the most effective measures,” — Vanessa Maxwell, Chief Underwriting Officer, Allianz Commercial.
[1] according to law firm Duane Morris
Explore the Cyber Insurance coverage offered by Allianz Commercial
Pre-breach cyber security services for Allianz Commercial insureds
Being prepared is essential to minimizing the impact of a potential cyber-related event.
That’s where Allianz Commercial can help. Our Allianz Cyber & Technology policy provides access to preferred breach response services from top-tier global providers.
We connect you with experts who can help mitigate risks and guide your organization in recovering from cyber breaches based on your specific needs.
Learn more about our specialized vendors:
Our network of specialized vendors listed below are available to support you in various areas crucial to managing a cyber incident including developing a robust incident response plan, conducting tabletop exercises to test cyber resiliency, ensuring compliance with evolving regulations, providing awareness training on applicable laws, and performing technical risk assessments.*
Brokers or insureds are encouraged to contact their Allianz representative within 30 days of binding a policy to confirm their intent to utilize these services during the policy period. Completion of the services is not required within the initial 30-day timeframe.
Cypfer
CYPFER offers a comprehensive suite of services designed to guide organizations through every stage of a cyber incident while delivering proactive measures to strengthen cyber resilience. With Cyber Certainty™, CYPFER provides unmatched expertise to ensure rapid response, minimal disruption, and full recovery.
Service offering through Allianz:
Proactive services: Enhancing organizational defences with incident response retainers, ransomware readiness assessments, advanced tabletop exercises, breach readiness assessments, cyber awareness training, technical testing (including penetration testing and vulnerability assessments), attack surface assessments, threat intelligence services, and offensive security simulations. We also deliver 24/7 SOC monitoring, endpoint security-as-a-service, and robust DDoS protection to ensure constant vigilance and business continuity.
SentinelOne
SentinelOne's Singularity platform is an advanced enterprise cybersecurity solution that offers unified prevention, detection, and response across an organization's security estate. Leveraging artificial intelligence, it provides autonomous cybersecurity capabilities to ensure protection at machine speed, greater scale, and higher accuracy.
Key features include endpoint security, cloud security, identity security, and network discovery. The platform also includes the Singularity Data Lake, which centralizes and transforms data for high-performance, AI-powered security and log analytics, enabling real-time enterprise-wide visibility, control, and actionable insights.
Mandiant
The Tabletop Exercise evaluates your organization’s cyber crisis processes, tools and proficiency in responding to cyber attacks from both an executive strategic and technical incident response perspective. During each exercise, Mandiant consultants introduce multiple scenario injects based on real-world experience in a roundtable environment to observe the organization’s simulated actions and decisions in response.
Before beginning a tabletop exercise, Mandiant experts first develop an understanding of the client organization’s threat profile, operational environment, and specific areas of concern. We conduct an on-site workshop with key individuals, and introduce evolving scenario injects based on attacker behavior, techniques, and tactics observed during our incident response work.
Benefits: Identify gaps between documented and expected responses in comparison to what actually happens and recommendations based on real-world incident response best practices
Clyde & Co
Preparation is crucial for building an organization’s cyber resilience. Clyde & Co ONE offers tailored solutions to ensure your organization remains proactive in addressing cyber threats internationally. Our readiness services include a range of products from bespoke Cyber Tabletop Exercises, Board Briefing and Cyber Risk Training, Ransom/Extortion Decision-Making Frameworks, through to Legal & Data Privacy Compliance support. Our expert-led services will allow your business to confidently navigate cyber risk.
- Cyber Tabletop exercise - A discussion-based exercise that offers an informal operational environment for team members to build their understanding of the incident response process and key cyber concepts.
- Board Briefing / Cyber Risk Training – A session supporting your team members in enhancing their awareness of cyber threats and incident response among key stakeholders.
- Ransom / Extortion Decision Making Framework – A detailed decision-making framework giving strategic guidance for managing ransomware demands.
- Legal & Data Privacy Compliance – assisting your organization to ensure you comply with privacy and data protection regulation, preparing you for an incident.
Norton Rose Fulbright
Norton Rose Fulbright (NRF) is one of the leading international law firms providing cybersecurity and incident response services. NRF’s global practice is composed of more than 100 cybersecurity and data privacy lawyers based in many of the world’s key jurisdictions, helping clients manage legal and regulatory risks related to cybersecurity. As an integrated, cross-border group, NRF provides clients with a seamless worldwide service. NRF’s practice encompasses leading the investigation, containment and remediation of sophisticated data breaches and cybersecurity incidents and advising clients on the regulatory and liability consequences of these incidents.
Constangy
Constangy Cyber will provide a complimentary one-hour call with Allianz insureds to discuss the incident response process, applicable data privacy and information security laws, and policies, procedures, and measures to manage risk, enhance network security, and improve compliance. In addition to the complimentary consulting services, fee-based proactive services can also be provided and include Virtual Chief Privacy Officer Services, Data Privacy & Security Regulatory Assessments, Third Party Contract Review & Management, Website Privacy Policy and Disclosure Notices, Incident Response Planning, Cybersecurity Tabletop Exercises and Training.
Mullen Coughlin
Mullen Coughlin’s interactive and tailored tabletop exercise is designed to test your organization’s preparedness to respond to a data privacy and security incident, along with the effectiveness and accuracy of your incident response plan (IRP). Relying upon its unparalleled experience in counseling thousands of organizations through their investigation and response to data privacy and security incidents, the tabletop exercise will provide an opportunity for your organization to pressure-test its IRP against a simulated data security incident and bring to the surface some of the legal, operational, and technical obstacles you may face during a data privacy and security incident.
Mullen Coughlin LLC is a law firm with over 130 attorneys solely dedicated to counseling organizations in the context of data privacy and security, providing bespoke counsel relating to pre-incident Advisory Compliance services and solutions; data privacy and security incident response; regulatory investigation; and privacy litigation defense.
* The pre-breach services, providers, or recommendations offered or suggested by [OE] ("Allianz") are provided in good faith for informational purposes to assist its Insureds. Allianz does not guarantee any specific outcome or result, and use of any service is entirely at the discretion of the Insured and does not create any obligation on the part of Allianz to assume liability for the performance, effectiveness, or quality of such services. Allianz makes no representations or warranties regarding the suitability, adequacy, or performance of any service, provider, legal firm, consultant, or contractor, etc., and disclaims any liability for damages, losses, or claims arising from the use of these pre-breach services. Allianz is not a party to the pre-breach services undertaken, retained, contracted by the Insured. The insured acknowledges and agrees that any decision to use the recommended pre-breach services is made independently and at the Insured's own risk.
Additional cyber security services by Allianz Commercial
Allianz Risk Consulting
Our risk consulting team, in collaboration with trusted partners around the world, specializes in identifying organizations' cyber exposure.
We offer a comprehensive suite of cyber services, including workshops, surveys, cyber 360 assessments, business continuity management, risk scenario analysis, crisis training, ensuring transparency across the cyber value chain.
Complimentary cyber loss control services delivered by Allianz expert cyber risk consultants.*
- Holistic cyber risk insight
- Security maturity assessment
- Cyber threat modelling
- Industry benchmarking with claims insights
- Identification and prioritization of major security gaps
- Threat scenarios and potential exposure reduction through mitigation measures
- Access on-demand, pre-recorded cybersecurity training sessions on key topics
*available for up to three hours.
Access to the knowledge portal eRiskHub® powered by our partner NetDiligence®
When a breach event occurs, time is of the essence. Having a breach response plan in place with access to the third-party resources you need can help you respond to and recover from the breach efficiently and cost-effectively.
As an Allianz policyholder, you will receive complimentary access to the eRiskHub portal, powered by NetDiligence®. eRiskHub provides tools and resources to help you understand your exposures, establish a response plan and minimize the effects of a breach in your organization.
Key features:
- Incident roadmap: Suggested steps to take following a network or data breach incident, free consultation with a Breach Coach® and access to a breach response team.
- News center: Cyber news feeds, threat intelligence and security, legal, and compliance blogs.
- Risk manager tools: Cost calculators, research tools for causes of incidents and cyber claims payouts, and sample policies, including one for remote working.
- Cyber security awareness: Resources for ongoing employee education, including general security awareness, anti-phishing, and IP/trade secrets.
- Ransomware resources: A guide on must-have ransomware safeguards, ransomware stress tests, mock ransomware exercises and a short ransomware self-assessment survey that can help you reduce your exposure to ransomware and other threats.
Bitsight Enabled Client Access (ECA)
Bitsight is a cyber risk management leader transforming how companies manage exposure, performance, and risk for themselves and their third parties. Companies rely on Bitsight to prioritize their cybersecurity investments, build greater trust within their ecosystem, and reduce their chances of financial loss.
Benefit from a 60-day complimentary trial of Bitsight, giving you with the same advanced cyber risk insights and tools used by Allianz. Gain a comprehensive understanding of your organization’s vulnerability exposure in order to prioritize remediation efforts.
Benefit from a 60-day complimentary trial of Bitsight, giving you with the same advanced cyber risk insights and tools used by Allianz. Gain a comprehensive understanding of your organization’s vulnerability exposure in order to prioritize remediation efforts.
Key features:
- Free access to Bitsight Security Performance Management (SPM), opening the door to solve key challenges in cyber risk governance
- Full visibility of your attack surface in order to prioritize vulnerable areas
- Easy-to-understand Bitsight rating and risk vector grades with full findings data and actionable insights
- Evidence-based analytics and metrics correlated to breach and ransomware risk.
Cyber insurance from Allianz Commercial is
available in the following countries and territories
Allianz Commercial will consider every risk on its own merit. Capacity and coverage offered to individual clients are subject to hazard, Nat Cat exposure, grading, terms and conditions. The products and services described on this page may not be available at all Allianz Commercial locations. This is for your general information only. Please contact your local broker for full information on local product availability.
Meet our cyber insurance experts
Business Fraud Insurance from Allianz Trade
If you have or are considering cyber insurance, it is advisable to complement your coverage with Business Fraud Insurance for more complete protection.
Cyber insurance protects against financial losses from external digital threats such as cyber-attacks, data breaches, and ransomware, covering recovery costs and legal expenses. Business Fraud Insurance complements this by addressing losses from internal risks, including employee theft and embezzlement, as well as certain external fraud schemes such as identity deception. Together, both solutions provide broader protection against a wide range of internal and external risks.
If you want to obtain more information about Allianz’s Business Fraud Insurance, please visit the Allianz Trade.
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Why choose Allianz Commercial as
your partner?
At Allianz Commercial, we're a global powerhouse, that brings together the best for our customers — from mid-sized businesses to the largest multinationals
We have a tradition of 100+ years of technical expertise
Key benefits for our brokers and clients
- Global consistency, local expertise: Access to top regional experts for a consistent, high-quality experience worldwide.
- Speed and clarity: Streamlined communication and rapid go-to-market for faster results.
- Direct, empowered access: Work with coordinated teams for seamless sales, account management and underwriting.
- Comprehensive risk solutions: Market-leading options for traditional and alternative risks with a consistent global approach.
- Specialized expertise for complex risks: Global hubs support specialty and wholesale needs, including large, complex risks.
- Solutions for every size: From mid-market to multinational, we cover the entire market.